Low interest rates on a credit card is something we all want! The amount you can save each month increases alot for every portion of a percent that you shave off your interest rate.
My name is James Cameron, and I am a consumer credit expert. This article is only a sample of my favourite credit card market info, for my best secrets and tips, you need to visit my full article here -> low interest credit cards.
Reality of the situation is, a low interest card is worthwhile? Why would you not want one? You may have been told they cost more in the long run? I’ll show you a little more about them, that you might have never known.
A job I have just left, was in one of the top international banks credit divisions, as well as working for over 8 years in the finance industry. My tricks and secrets, wil save your hard earned cash! It really has for both me, my mates and my family.
Some creditc ard banks will get your business by signing you upto a card by offering ‘sweet’ deals with periods of low interest or even 0% interest. As an example, you might see advertised, the 0% credit cards that target students, or first time card holders.
Why would they do this? Well credit card providers know thatin your first year of owning a card, you wil spend less on it that consequent years, so they money they earn in interest is low…
After around a year, credit card users are not so worried about swiping the card and racking up debts that the banks and card providers love…
Ideally, this is not the best situation for you, because after the low rate period is up, you might be tied down to a bigger than normal rate!
Another thing to be aware of, is that when you go over your limit on a low rate card, you can expect much higher fees and penalties than on a normal credit card. And i’ll let you in on which ones are the worst offenders too!
These are not the only aspects to watch, as your bank or your credit card company knows much more about the way you spend and borrow than you might believe…especially when your banking is done with your card provider!
Above is only a sample of my favourite credit card saving info, for my best secrets and tips, you need to visit my full article here -> low interest credit cards.
